Asian Investors Capitulating After Fall

0503 GMT [Dow Jones] Asian investors capitulating - selling out of losing investments recently, says senior trader at major broker in Australia. “It’s not our typical client base that’s the main axe slicing the markets these days. All we can assume is that retail investors, pension funds, insurers, sovereigns and corporates are having more impact in this leg down than the hedge fund community. So this time it’s like a global margin call for non-leveraged investors, which are the retail/pension/insurers. They’ve just seen it capitulate so now they’re starting to sell out themselves. Anyone that’s been trying to “catch the falling knife” or hold on to see the bounce is finally capitulating.” Expects more such selling in all asset classes. (DWR)